Sprint & T-Mobile Both Cancel Earnings Calls This Quarter

Major wireless carriers like Sprint and T-Mobile normally have a conference call with analysts after releasing their quarterly results, but both of them have reportedly decided not to do so for this quarter's results. T-Mobile made its announcement on Sunday, saying that it would release its results the following morning with no accompanying call. The company put out a video of CEO John Legere discussing the results alongside the usual release. Sprint followed up with its own similar announcement, saying that it would be releasing its quarterly results on Wednesday, but that it would not be holding an earnings call.

While there would normally be a firestorm of speculation on different reasons that two of the United States' largest wireless carriers would opt to cancel their normal earnings calls, most of the popular speculation in this case seems to fall toward the impending announcement of a merger. Another popular theory is that the two companies are negotiating a merger and do not want to disclose any details, either directly or indirectly related to the merger, until the terms of said merger are finalized. Both of these theories make sense, and at this point are equally likely. If the two carriers are going to announce a merger soon, they could hold a joint earnings call when they put out the merger announcement, rather than holding separate ones that would most likely be rendered redundant by a practically required conference call to discuss the merger announcement.

The third and fourth largest US wireless carriers have reportedly been in talks concerning a merger for some time now, but have yet to go public with any details of how negotiations are going or when the merger could become official. T-Mobile's Chief Technical Officer, Neville Ray, has spoken about the technical aspects of the potential merger, saying that it would benefit users on both carriers, but soundly denied rumors that such a merger would happen as recently as March. Now, there is every indication that it will happen in the very near future, and customers of both carriers stand to see gains in speed and coverage once the two carriers begin to merge their networks. Sprint's wealth of high-frequency spectrum can help T-Mobile with rural coverage and a future small cell deployment for 5G, while T-Mobile's large store of lower-frequency spectrum can lend Sprint's network a boost in speed and building penetration.

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